Canara Bank Special FD Schemes

What are Canara Bank Special FD Schemes 2025?

Canara Bank offers special fixed deposit schemes for different tenures with higher Canara Bank FD rates and added tenure-specific benefits. Among the notable options is the Canara Bank 444 Days FD, which is available in both Callable and Non-Callable variants. This medium-term plan offers better interest rates than standard deposits and can be opened with a minimum investment of ₹1,000. Another key option is the Canara Bank Green Deposits (Bulk Category), which promotes sustainable investments through long-tenure FDs of 1111, 2222, and 3333 days.

Key Features of Canara Bank Special FD Schemes

Canara Bank Special FD Schemes include specific conditions and benefits that differentiate them from regular deposits. The main features are listed below:

• Loan Against FD Facility: Customers can avail of the Canara Bank loan against FD to manage urgent financial requirements while keeping their deposit intact. The bank permits loans up to 90% of the FD amount, with interest rates usually 2% to 2.5% lower than personal loans.
• Minimum and Maximum Deposit Amount: Canara Bank Special FDs, including the 444 Days FD, start from ₹1,000 with no upper cap. For Green Deposits (Bulk Category), the minimum is ₹3 crore, with no maximum limit.
• Multiple Interest Payout Choices: Canara Bank Special FDs allow customers to choose how they receive interest, with options for monthly, quarterly, half-yearly, yearly, or at maturity payouts.
• Partial Withdrawal Facility: For callable deposits, customers can withdraw a portion of their fixed deposit in multiples of ₹1,000 before maturity. In such cases, Canara Bank FD premature withdrawal rules apply, and a 1% penalty is charged on the withdrawn amount.

Canara Bank Special FD Schemes Rates

Canara Bank offers special fixed deposit schemes at competitive FD interest rates across different tenures. Below are the rate tables for deposits of less than ₹3 crore, covering various categories and options:

Canara Bank 444 Days FD

*Canara Bank special FD schemes rates w.e.f. August 07, 2025

Canara Bank Bulk Green Deposits

For 1111 Days Tenure

*Canara Bank special FD schemes rates w.e.f. September 04, 2025

For 2222 Days Tenure

*Canara Bank special FD schemes rates w.e.f. September 04, 2025

For 3333 Days Tenure

*Canara Bank special FD schemes rates w.e.f. September 04, 2025

Illustrations for Canara Bank Special FD Schemes

The illustrations below show how various Canara Bank Special FD Schemes generate returns when calculated through simple and compound interest:

Illustration 1: Canara Bank 444 Days FD (Callable)

The 444 Days Callable FD is designed for customers who want medium-term returns and the flexibility of early withdrawal if required.

If a general citizen invests ₹1,20,000 at 6.50% p.a.:

Simple Interest:

SI = (1,20,000 × 6.50 × 1.22) ÷ 100 = ₹9,516

Maturity = ₹1,29,516

Compound Interest (Quarterly):

A ≈ ₹1,29,660

Compound Interest = ₹9,660

Senior Citizen (7.00%) Maturity: ≈ ₹1,30,600

Super Senior Citizen (7.10%) Maturity: ≈ ₹1,30,900

Illustration 2: Canara Bank Bulk Green Deposit

The Canara Bank Bulk Green Deposit is available for long tenures of 1111 days, 2222 days, and 3333 days, and customers can choose between Callable and Non-Callable options.

To understand the potential returns, consider an investment of ₹1,00,000 under this scheme:

• For 2222 days (about 6.1 years):

If a senior citizen invests ₹1,50,000 at 5.00% (non-callable):

Simple Interest: Maturity ≈ ₹1,95,750

Compound Interest (Quarterly): Maturity ≈ ₹2,01,100

General Citizen (5.00%) Maturity: ≈ ₹2,01,000

Super Senior Citizen (5.75%) Maturity: ≈ ₹2,22,000

Note: The Canara Bank Fixed Deposit Interest Calculator can help estimate maturity values using simple or compound interest, depending on the deposit period.

Canara Bank Special FD SchemesTax Implications

The income from Canara Bank fixed deposits is part of your taxable income. From April 1, 2025, the TDS exemption limit on FD interest is ₹50,000 per year for non-senior citizens and ₹1,00,000 per year for senior citizens. Once the interest earned crosses these limits, the bank deducts TDS at 10% if PAN details are available and 20% if PAN is not provided. Depositors can also avoid TDS deduction by submitting Form 15G if they are below 60 years or Form 15H if they are senior citizens, provided their total annual income falls below the taxable threshold.

Key Takeaways

Canara Bank Special FD Schemes allow investors to earn higher returns through select tenures such as the 444 Days FD and Canara Green Deposits for 1111, 2222, and 3333 days. Available in both callable and non-callable variants, these deposits come with competitive FD interest rates ranging between 4.95% and 6.60% p.a. Senior and super senior citizens enjoy additional benefits, making these schemes suitable for different investment horizons and helping customers plan their savings with certainty.